Nis-based Philip Morris to pay RSD 3.4 billion in dividend

The Board of Directors of the Nis-based tobacco company Philip Morris Operations has scheduled the General Meeting for June 16, and the agenda includes adopting 2016 financial reports and reaching the decision on profit distribution.

The management has proposed for the entirety of last year’s profit of RSD 3.4 billion to be paid to the shareholders as dividend.

Owners of preferential I class shares will thereby receive the gross amount of RSD 326.9 per share, as opposed to last year’s RSD 206.3.

The gross yield at the current price of RSD 2.650 is 12.3%. The record date was December 31, 2016, Wisebroker reports.

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